RFG Advisory LLC Purchases 244 Shares of Ameren Corporation $AEE

RFG Advisory LLC lifted its position in shares of Ameren Corporation (NYSE:AEE) by 6.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,160 shares of the utilities provider’s stock after purchasing an additional 244 shares during the period. RFG Advisory LLC’s holdings in Ameren were worth $400,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Ameren by 2.9% during the first quarter. Vanguard Group Inc. now owns 34,314,121 shares of the utilities provider’s stock worth $3,445,138,000 after purchasing an additional 979,928 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Ameren by 5.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 28,404,577 shares of the utilities provider’s stock worth $2,851,821,000 after purchasing an additional 1,355,848 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Ameren by 16.1% during the first quarter. Invesco Ltd. now owns 4,658,775 shares of the utilities provider’s stock worth $467,741,000 after purchasing an additional 646,000 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of Ameren by 51.7% during the first quarter. Alliancebernstein L.P. now owns 3,576,385 shares of the utilities provider’s stock worth $359,069,000 after purchasing an additional 1,218,509 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Ameren by 5.7% during the first quarter. Goldman Sachs Group Inc. now owns 2,825,064 shares of the utilities provider’s stock worth $283,636,000 after purchasing an additional 151,808 shares during the last quarter. 79.09% of the stock is currently owned by institutional investors.

Ameren Price Performance

Shares of AEE opened at $105.46 on Friday. Ameren Corporation has a 52-week low of $85.27 and a 52-week high of $106.23. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.56 and a current ratio of 0.80. The business’s 50 day moving average price is $101.54 and its two-hundred day moving average price is $98.82. The firm has a market cap of $28.52 billion, a PE ratio of 23.18, a price-to-earnings-growth ratio of 2.65 and a beta of 0.49.

Ameren (NYSE:AEE) last issued its quarterly earnings results on Thursday, July 31st. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.01. Ameren had a return on equity of 10.38% and a net margin of 14.55%.The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period in the previous year, the firm earned $0.97 earnings per share. The company’s revenue was up 31.2% compared to the same quarter last year. Ameren has set its FY 2025 guidance at 4.850-5.050 EPS. On average, equities analysts anticipate that Ameren Corporation will post 4.93 EPS for the current year.

Ameren Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 9th will be paid a $0.71 dividend. The ex-dividend date of this dividend is Tuesday, December 9th. This represents a $2.84 annualized dividend and a yield of 2.7%. Ameren’s payout ratio is 62.42%.

Insider Transactions at Ameren

In other news, SVP Gwendolyn G. Mizell sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $101.79, for a total transaction of $101,790.00. Following the transaction, the senior vice president directly owned 9,129 shares of the company’s stock, valued at $929,240.91. This represents a 9.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.42% of the company’s stock.

Wall Street Analysts Forecast Growth

AEE has been the topic of several analyst reports. UBS Group upped their target price on Ameren from $111.00 to $114.00 and gave the company a “buy” rating in a report on Friday, July 11th. The Goldman Sachs Group upgraded Ameren from a “sell” rating to a “neutral” rating and upped their target price for the company from $91.00 to $100.00 in a report on Wednesday, June 25th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Ameren in a report on Wednesday, October 8th. KeyCorp upped their target price on Ameren from $104.00 to $109.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Barclays reduced their target price on Ameren from $104.00 to $100.00 and set an “equal weight” rating on the stock in a report on Thursday, July 10th. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Ameren currently has an average rating of “Moderate Buy” and a consensus target price of $106.38.

Ameren Company Profile

Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. The company operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. It engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution business.